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0 sats \ 3 replies \ @BitcoinAbhi 22 Jul \ on: Developing countries face worst debt crisis in history, study shows econ
Developing countries are not facing the worst but I see that developed countries are facing it..
https://m.stacker.news/41075
Most of these countries on this list do not need to use nearly half of their budget on paying back debt... it's that debilitating ratio that makes it a burden on those developing countries. All of these developed countries as you call them can also negotiate reasonable interest rates.
Debt is a good thing in the current fiat world, if you can use it to your advantage.
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Yes, debt is a good thing in current fiat propoganda but I doubt if they would sustain this way for very long.
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True. The US has been very good at off-loading its debt to other countries through inflation, but let's see how long they'll be able to pull this off.
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